NBU allowed banks to buy and sell foreign currency on the interbank market during the day in the foreign exchange position

The National Bank allowed banks to buy and sell foreign currency at the interbank foreign exchange market during the day in the currency position. This is stated in the decree NBU № 111 from April 13, registered at the Ministry of Justice on May 6. Earlier this or that bank could during the day or only sell or only buy foreign currency on the interbank market. Banks can implement their own operations on the interbank market within the limits of open currency positions. Decree № 111 NBU also allowed banks from May 30 to conduct operations under the swaps. Currency swaps are permitted for up to 365 calendar days. According to the decree, foreign exchange swaps are transactions involving the purchase, sale or exchange of foreign currency on the back of its sale, purchase or exchange in the future for fixed terms at the rate, volume, date, value date. As reported, in April, the NBU has declared its intention to allow banks to buy and sell foreign currency on the interbank market during the day in the foreign exchange position, as well as its intention to introduce a currency swap. According to materials of the Ukrainian News